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Longsetup

HINDALCO | TRIANGLE BREAKOUT!Points to consider before entering trade. ---------------------------------------------------------------- 1. A symmetrical triangle consolidation inside of an uptrend. 2. A HH, HL Breakout with volume out of the triangle. 3. Such breakouts with Higher High Higher Low have a lower chance of being a fakeout 3. Targets will be of the pattern height measured from the breakout point. ---------------------------------------------------------------- Entry CMP, Exit 807, SL 721, RR 1.7 ---------------------------------------------------------------- Disclaimer: please do your own analysis before entering positions. This idea is only a suggestion and not a recommendation
NSE:HINDALCOLong
by Divergent_trader
INDIAGO PAINT ready to touch IPO price 1 as 11 risk reward ratioINDIGO PAINT has give long 2 and half year consolidation break out. Stock as has been down trend its listed on Feb 2021 Stock has give rounding bottom pattern breakout and multiple pattern at lower time frame. *POSTIONAL TRADE* Buy INDIGO PAINTS At 1650 50% quantities, 50% between 1600-1625 Stop 1485 Target 1 (1:2) 1791 Target 1 (1:4) 1991 Target 1 (1:5) 2091 Target 1 (1:7) 2291 Target 1 (1:9) 2491 Target 1 (1:11) 2691 _Duration 6 months_ Trade as per your risk-taking capacity.
NSE:INDIGOPNTSLong
by pramodchoudhari
2
Mphasis - Multiple BreakoutsCMP 2910 on 19.08.24 It can be seen on the charts that the stock has been forming a triangular pattern and Cup & handle pattern in the last 2-3 years. Already shown the breakouts of both the pattern around July 24. Already retested the breakout in recent sessions and showed a strong bounce back in the last session ( closed 192 points above). If the momentum continues, the next target area may be around 3230, 3640, and even more. Plz analyze the chart carefully and make a strategy that suits you. Make an exit according to your risk management. However, if it trades below 2650 levels it will show weakness on the charts. The above illustration is only my own view, only for learning and sharing purposes, not a buy or sell advice in any way. All the best.
NSE:MPHASISLong
by anandlive
4
Kopran Basic Demand Supply in Price Action with Waves.Kopran if we observe price action we can see basic demand supply theory on charts In Feb 2024 it reached 292 levels & with good supply it pull backed towards 200 levels in march. Again in April it tried to reclaim 292 levels but with more supply it rolled back to 200 levels. In Aug 2024 it managed to absorb all supply & trade above 292 levels then every pull back towards 292 became demand zone it happened in 1st week of Sept now we are at same pattern in first week of Oct. Its looks like Wave 4 pullback which is 50% retracement of wave 3 rise so idealy wave 5 can take price 400 levels confirmation will be trade above 310.
NSE:KOPRANLong
by churiwalvikram
Gold Prices Decline for 6 Consecutive Sessions, Facing ResistancGold prices fell for the sixth consecutive session on Wednesday (October 9), driven by a stronger USD and diminished expectations for a more aggressive rate cut in November 2024. Gold is currently hovering around $2,608.880, after hitting a key support level at $2,575.921. This is a crucial support zone that buyers need to defend to prevent further declines. At present, gold is facing strong resistance at $2,648.815 and $2,624.834. If these levels cannot be surpassed, gold is likely to continue correcting down to the nearest support at $2,575.985. However, if buyers manage to push prices past the current resistance, the market could see a short-term rally. The RSI indicator is currently at 36.19, suggesting that bearish momentum still dominates and warning of a potential deeper correction.
OANDA:XAUUSD
by Zola_Hello
Navin Fluorine - Positional SetupThe chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup. Also, the gap area upside is to be filled in due time, of course in a bullish phase. If sustains above 3500, may go to 4000/4200 or even more. If sustains below 3200, this setup will go weak. Decide your entry and exit levels and position size in accordance with your risk management. All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form. All the best.
NSE:NAVINFLUORLong
by anandlive
2
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106. The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend. Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high. A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300. Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
Long
by Romio_pro
Gold Price Drops as Investors Take ProfitsThe XAU/USD chart presents an interesting market scenario, with gold currently hovering around $2,636.120. Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines. The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for new highs. The breakdown of Middle East peace talks, weakening U.S. job market, a potential 0.5% rate cut by the Fed, and China's stimulus boost – these factors may drive gold prices higher in the future.
OANDA:XAUUSDLong
by Romio_pro
GBP/USD: Break $1.34277 or Pull Back to $1.33605?The GBP/USD chart on September 30th paints a dramatic scenario as the price hovers around $1.34090, preparing to confront the strong resistance at $1.34277. This is the "wall" that if the buyers can overcome, a new journey toward higher peaks will begin. However, the battle won’t be easy. If the price is rejected at resistance, a correction toward the support zone at $1.33605 could happen, giving the sellers the advantage. With support from the EMA 34 at $1.33816 and EMA 89 at $1.33378, the price might find stability. What heightens the market's tension now is the influx of economic news from the U.S. Traders are anxiously awaiting key factors that will determine whether GBP/USD will see a spectacular breakout or a retracement. All will be revealed in the coming sessions!
Long
by Romio_pro
XAU/USD: Break Through $2,683 or Correct Down to $2,644?The XAU/USD chart reveals a critical situation as gold prices hover around $2,659.915. Currently, strong support at $2,644.626 is helping to prevent a deeper decline. The EMA 34 and 89 lines at $2,652.357 and $2,618.574, respectively, are also playing a role in supporting the uptrend. The key resistance level to break is $2,683.746. If the price can breach this level, the potential for continued upward momentum to higher levels will open up. However, if it fails, the likelihood of a downward correction becomes clearer, with the target being the lower support zone. Additionally, hot economic news from the U.S. and significant updates from the Fed could strongly influence gold price movements in the near future.
OANDA:XAUUSDLong
by Romio_pro
The New Week Begins with Positive Signals for EUR/USDHello everyone. Let’s take a look at the movement of the EUR/USD pair in this Monday morning trading session. The EUR/USD pair opened the new week at 1.1159, indicating an upward trend. The weakening of the US dollar, driven by expectations of the Fed easing monetary policy, has supported the Euro’s rise. Additionally, recent economic data from the Eurozone has also shown positive signs. The currency pair is displaying an upward trend within a price channel. With solid support at 1.115, breaking through the resistance level at 1.120 will confirm the uptrend and open opportunities for higher price targets. Once the old resistance level is broken, it will become new support, reinforcing the upward momentum. What about you? What are your targets for EUR/USD in the near future? Share your thoughts with me!
by Alisa_Rokosz
XAU/USD: Break Resistance at $2,680 or Correct to $2,645?The analysis of the XAU/USD chart shows that gold is currently priced at $2,658.550, with strong support at $2,645.331. From the chart, it is clear that the upward trend is still being maintained, thanks to the support of the EMA 34 and EMA 89 levels at $2,658 and $2,633.502, respectively. The key resistance at $2,680.809 is the barrier that the price needs to break through if it is to continue reaching higher levels, with the next target at $2,697.070. However, if the price fails to maintain its upward momentum and drops below the $2,645.331 support level, a deeper correction may occur. In the current market context, important economic news from the U.S. and statements from Fed officials will be key factors that could significantly impact gold price movements in the coming days.
OANDA:XAUUSDLong
by Romio_pro
3